The entire process, from confirming receipt of funds to selling, converting to yen, and making the funds available for withdrawal in Japanese yen, was completed within a few hours, and the costs were lower than initially anticipated.

STANDAGE Co., Ltd. (Headquarters: Minato-ku, Tokyo; President and CEO: Akinori Adachi; hereinafter "STANDAGE") has conducted a joint demonstration with BitTrade Co., Ltd. (Location: Minato-ku, Tokyo; President and CEO: Lei Seki; hereinafter "BitTrade") to verify the potential of using crypto assets in the trade sector.

On August 6, 2026, the two companies announced the start of a joint demonstration project to examine the practical challenges and possibilities of using crypto assets in the trade sector.

▶︎Previous announcement: STANDAGE and Bittrade begin joint demonstration to examine practical challenges of using crypto assets in the trading sector.

https://prtimes.jp/main/html/rd/p/000000144.000033629.html

In our previous announcement, we listed the following as the main verification items: the time and cost required from cryptocurrency deposit confirmation to conversion to yen, the price difference between deposit and sale, and the confirmation flow for deposits and withdrawals.

In this demonstration, we verified the entire process from actually sending cryptocurrency, confirming receipt within Japan, selling and converting it to yen, and finally making it available for withdrawal in Japanese yen.

As a result, we confirmed that under the conditions of this demonstration, the entire practical workflow, from confirmation of receipt of funds to sale and conversion to yen, and finally to the point where the funds could be withdrawn in Japanese yen, was completed within a few hours. Furthermore, the costs incurred during the conversion to yen were lower than the expected levels set by both companies before the demonstration.

*In this demonstration, "the state in which funds can be withdrawn as Japanese yen" refers to the point in time when the Japanese yen balance is reflected in the BitTrade account. The time required is the result under the demonstration conditions set for this demonstration and may vary depending on trading conditions and operating methods.

Please note that this demonstration will be conducted by STANDAGE and Bittrade within the scope of their respective roles, and the two companies will not jointly undertake the transfer or remittance of crypto assets or funds, payment processing, or collection of payments. Furthermore, STANDAGE will not buy, sell, exchange, or manage any crypto assets in this demonstration. The process of confirming the deposit of crypto assets and selling/converting them to Japanese yen through spot transactions (buying and selling) will be handled by Bittrade, a crypto asset exchange operator.

■ Examining the entire practical flow from receiving cryptocurrency to converting it to yen.

In this demonstration, we not only focused on the technical aspects of whether cryptocurrency could be sent, but also simulated a scenario in which a corporation would actually use it in a transaction, and carried out the entire process from confirmation after receipt to sale and conversion to yen.

Sending cryptocurrency from the sender
↓
The recipient confirms receipt of the funds.
↓
Selling crypto assets and converting them to yen
↓
The funds are now available for withdrawal in Japanese yen.

Under the conditions of this demonstration, we confirmed that the entire process, from receiving the funds to selling them and converting them to yen, to being able to withdraw them as Japanese yen, was completed within a few hours.

The workflow we reviewed this time includes practical processes such as confirming receipt of funds and selling. In the future, we will also investigate whether further efficiency can be achieved by standardizing and automating these operational workflows.

■The cost also fell short of initial expectations.

In this demonstration, we also checked the costs incurred when converting crypto assets to Japanese yen. As a result, the costs of conversion to yen were lower than the expected levels set by both companies before the demonstration.

This announcement focuses on disclosing the time required for the practical workflow and the costs associated with currency conversion, among the verification items outlined in the previous announcement. Further details on the specific verification results will be presented at the joint seminar to be held on September 15, 2026 (Tuesday).

■Future developments

In this demonstration, we confirmed the verification items outlined in our previous announcement by actually running a series of processes.

Going forward, we will conduct demonstrations on a scale and under conditions closer to actual trade transactions, and we will also examine how the cost structure changes when the transaction scale is altered, as well as how to improve efficiency through standardization and automation of the operational flow. Furthermore, we will continue our verification efforts toward the practical application of cryptocurrency-based payments, while also considering collaborations with businesses involved in trade operations.

We plan to announce our future initiatives and verification results in due course.

*This press release is intended to inform you of the results of this demonstration and does not indicate or guarantee the launch of any specific service.

■BitTrade and STANDAGE will hold a joint seminar on Tuesday, September 15, 2026.

STANDAGE and BitTrade will be holding a joint seminar on Tuesday, September 15, 2026.

We plan to present the specific results obtained from this demonstration, as well as practical points to consider when utilizing crypto assets in the trade sector.

"Can this be used in our company's overseas transactions?"

"How does this compare to current payment methods?"

"I would like to know more about the specific costs and operating methods."

Corporate clients facing these kinds of challenges are encouraged to participate.

[Registration for the BitTrade x STANDAGE Joint Seminar on September 15, 2026 (Tuesday)]

https://wp.standage.co.jp/events/standage-seminar-20260915/

■Inquiries regarding this matter and trade settlements

STANDAGE offers consultations to corporate clients regarding the use of cryptocurrencies and stablecoins in international transactions and trade settlements. Please contact us using the information below, regardless of whether you are attending a seminar.

https://standage.co.jp/contact-all/public-relations/

■ About STANDAGE Co., Ltd.

Company name: STANDAGE Co., Ltd.
Established: March 7, 2017
Representative: Akira Adachi, President and CEO
Address: Sumitomo Fudosan Landmark Plaza 3F, 1-6-7 Shibakoen, Minato-ku, Tokyo 105-0011, Japan
Capital: 367 million yen
Business Description: Providing export support services for small and medium-sized enterprises (SMEs) under the name "Omakase Trading" (Leave it to us).
Overseas market development and trade operations agency/support
Development and provision of cloud-based trade management systems
Development and provision of a trade settlement system using blockchain technology.
URL:https://standage.co.jp/

■ About BitTrade Co., Ltd.

BitTrade has leveraged its strengths in blockchain technology and security systems to provide technical support to various businesses.

Service name: BitTrade
Operating company: BitTrade Co., Ltd.
Cryptocurrency exchange business: Kanto Local Finance Bureau Director No. 00007
Type 1 Financial Instruments Business Operator: Kanto Local Finance Bureau Director (Financial Instruments) No. 3295
Member association: Japan Crypto Asset Trading Association
Contact information:https://support.bittrade.co.jp/hc/ja/requests/new
Official website:https://www.bittrade.co.jp/ja-jp/
Official X:https://x.com/BitTrade_jp

[Important Notes Regarding the Use of Cryptocurrencies]

*The following are important notes regarding BitTrade Co., Ltd., a cryptocurrency exchange operator.

• Cryptocurrencies are not "legal tender" whose value is guaranteed by a country, like the yen or the dollar. They are electronic data exchanged over the internet.
• If you lose the private key used for cryptocurrency transactions, you may be unable to access your cryptocurrency holdings and could lose their value.
• Cryptocurrencies could lose their value if the blockchain or other transfer record mechanisms fail.
• BitTrade manages customer assets separately from its own assets, but in the event of BitTrade's bankruptcy, it may not be possible to return deposited assets.
• Crypto assets can only be used for payment with the consent of the recipient.
• Crypto assets can fluctuate in price. There is a risk of losses due to sharp price drops or sudden loss of value.
• Cryptocurrency exchange operators are required to register with the Financial Services Agency and the Regional Finance Bureau. BitTrade is a registered cryptocurrency exchange operator.
• When trading cryptocurrencies, please receive explanations from Bittrade, fully understand the transaction details, and make your own informed decisions.

[Explanation of risks related to leveraged trading]

*The following is a risk explanation regarding leveraged trading by BitTrade Co., Ltd., a cryptocurrency exchange operator.

• Leveraged trading allows you to trade amounts larger than the funds you deposit as margin, making it highly efficient and potentially generating large profits relative to your capital. However, fluctuations in the benchmark for leveraged trading (the price of crypto assets) can also lead to significant losses, potentially exceeding your initial margin.
• Leveraged trading involves a spread (price difference) between the buy price (ASK) and the sell price (BID). During periods of rapid market changes or significant liquidity declines, the spread may widen, or order acceptance may be suspended, potentially preventing you from executing your intended trades.
• There may be a difference (slippage) between the price displayed on the trading screen when placing an order and the price at which the order is actually executed. This can occur due to the communication environment between your device and Bittrade's trading system, as well as the time required for Bittrade's system to process your order after receiving it due to sudden market changes, and may work to your advantage or disadvantage.
• A position management fee may be incurred when trading.

[Risk Warning]

https://www.bittrade.co.jp/about/risk/

Cryptocurrency Exchange Operator, Kanto Local Finance Bureau Director, Registration No. 00007

Financial Instruments Business Operator, Kanto Local Finance Bureau Director (Financial Instruments) No. 3295

Member of the Japan Crypto Asset Trading Association

Contact information:https://support.bittrade.co.jp/hc/ja/requests/new